Investing.com - The U.S. dollar edged higher on Monday, as Friday's mostly upbeat data continued to support and as investors and as investors awaited additional information on a U.S. tax reform plan.
USD/CAD was down 0.15% at 1.2782 by 09:30 a.m. ET (13:00 GMT).
The Labor Department said on Friday that the U.S. economy added 261,000 jobs in October, falling short of forecasts for 315,000 new jobs. The unemployment rate ticked down to 4.1%, its lowest level since December 2000.
However, some investors believe the data was distorted by the effects of recent hurricanes in the U.S.
Market participants were also focusing on U.S. President Donald Trump's visit to Asia. Trump said Monday that Washington would work with Tokyo to sort out problems on trade between the world's biggest and third-largest economies.
Earlier, Trump vowed to push for a free and balanced trade partnership with Japan after decades of "massive trade deficits" but said relations with close ally Tokyo were "better than we have ever had".
The loonie was steady against the euro, with EUR/CAD at 1.4810.
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